ABS Partners Real Estate Acquires Retail Property In Astoria, Queens For $4.4M
3159 Steinway Street, Astoria, Queens County, NY, USA
$4,464,000
$793/SF
Building Size
5,624 SF
Asset Type
Retail
Closing
Jan 31, 2021
About this deal
AI
A retail property located at 3159-3163 Steinway Street in Astoria, Queens, was recently sold for a total price of $4,464,000. The transaction took place on 02/01/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,464,000
- Address: 3159-3163 Steinway Street, Astoria, Queens
- Market: Astoria, Queens
The buyer of the property was ABS Partners Real Estate, while the seller was Ronnie Strause. The deal was facilitated by the brokers Stephen R. Preuss and Andreas Efthymiou from Cushman & Wakefield, as well as Doug Weinstein from Ripco Real Estate.
The property has a building square footage (BSF) of 5,624, with a price per square foot (PPSF) of $794.
On the Map
$4,464,000
$793/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.55%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93